Grenke AG — Earnings Release 2001

May 15, 2001

News Details

Ad-hoc | 15 May 2001 08:18

Ad hoc-Service: Grenke Leasing AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Baden-Baden, May 15, 2001 GRENKELEASING AG reports, Earnings per Share rise by 94 % in the first quarter 2001. GRENKELEASING AG, Germanys market leader in the field of small-ticket IT leasing, posts pre-tax earnings of EUR 3.9m for Q1 2001. This corresponds to an increase of 80.6% compared to a figure of EUR 2.1m for the same period of the previous year. As already reported beforehand, the groups new business (i.e. the total initial costs of newly purchased leased assets) rose by 44.7% in Q1 2001 compared to the same period of the previous year, reaching a figure of EUR 53.5m. Foreign business contributed superproportionally to this business expansion with a growth rate of 264.3%. After-tax profit increased by 59.4% to EUR 4.5m compared to EUR 2.8m in Q1 2000, where an extraordinary result amounting to EUR 0.6m was still to be posted. DVFA earnings per share rose by 94% from EUR 0.17 to EUR 0.33. The Board of Management If you have any queries, please contact: GRENKELEASING AG, Rheinstrasse 219, 76532 Baden-Baden Renate Hauss Tel: 07221/5007-204 E-mail: investor@grenke.de Internet: http://www.grenkeleasing.de end of ad hoc announcement (c) DGAP 15.05.2001 Issuer’s information/explanatory remarks concerning this ad hoc announcement: GRENKELEASING managed to strengthen its market position as leading provider of small-ticket-IT leasing in the first quarter of the current financial year. This means we have managed to continue our successful performance from the financial year 2000, states Wolfgang Grenke, chairman of the board. GRENKELEASING AG presently maintains 14 domestic branch offices as well as foreign subsidiaries in France, Switzerland, Austria and Italy. GRENKELEASING continued to expand the distribution and partner network within the first quarter 2001. In Toshiba Europe GmbH we managed to find a further strong international cooperation partner. The number of employees rose form 154 to 171 (weighted as a full-time average). The full three months statement can be called up under www.grenkeleasing.de – Investor IR-Service. ——————————————————————————– WKN: 586590; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 150818 Mai 01